MJG FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MJG FOUNDATION (EIN 46-1680937)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-18
IRS object ID
202523229349100902
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-18T00:33:25-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN870549457PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HARTLE & REES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1448 E WINCHESTER ST STE 400AddressLine1Txt
CitySALT LAKE CITYCityNm
State AbbreviationUTStateAbbreviationCd
ZIP84107ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461680937EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMAGFBusinessNameControlTxt
Phone8018788100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11354 E STRATFORD AVENUEAddressLine1Txt
CitySALT LAKE CITYCityNm
State AbbreviationUTStateAbbreviationCd
ZIP84106ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMATTHEW AARON GREEENEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8018788100PhoneNum
Signature2025-11-17SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRYAN C REES CPAPreparerPersonNm
PTINP01031363PTIN
Phone8019042070PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$488,652FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$16,322DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,322DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$75,765NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$364,817GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$83CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$92,087TotalRevAndExpnssAmt
Total Net Invst Incm$16,405TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$3,939OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,939OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$293TaxesRevAndExpnssAmt
Taxes Net Invst Incm$293TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,232TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,232TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$34,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$34,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$38,232TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,232TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$34,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$53,855ExcessRevenueOverExpensesAmt
Net Investment Income$12,173NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$29,293CashBOYAmt
Cash EOY$2,242CashEOYAmt
Cash EOYFMV$2,242CashEOYFMVAmt
Corporate Stock BOY$78,211CorporateStockBOYAmt
Corporate Stock EOY$78,987CorporateStockEOYAmt
Corporate Stock EOYFMV$78,979CorporateStockEOYFMVAmt
Other Investments BOY$309,643OtherInvestmentsBOYAmt
Other Investments EOY$389,773OtherInvestmentsEOYAmt
Other Investments EOYFMV$407,431OtherInvestmentsEOYFMVAmt
Total Assets BOY$417,147TotalAssetsBOYAmt
Total Assets EOY$471,002TotalAssetsEOYAmt
Total Assets EOYFMV$488,652TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$417,147CapitalStockBOYAmt
Retained Earning EOY$471,002RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$417,147TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$471,002TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$417,147TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$471,002TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$417,147TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$53,855ExcessRevenueOverExpensesAmt
Subtotal$471,002SubtotalAmt
Tot Net Ast Or Fund Balances EOY$471,002TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$83CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$169InvestmentIncomeExciseTaxAmt
Subtotal$169SubtotalAmt
Tax Based On Investment Income$169TaxBasedOnInvestmentIncomeAmt
Tax Due$169TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksHARTLE REES LLCIndividualWithBooksNm
Phone8019042070PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1448 E WINCHESTER ST 400AddressLine1Txt
CitySALT LAKE CITYCityNm
State AbbreviationUTStateAbbreviationCd
ZIP84107ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMATTHEW AARON GREEENEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13214 N UNIVERSITY AVE STE 606AddressLine1Txt
CityPROVOCityNm
State AbbreviationUTStateAbbreviationCd
ZIP84604ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1EXPENSES/DONATIONS MADE TO THE CAMBODIAN CHILDREN'S FUND SPONSORED CHILDREN'S EDUCATION FROM IMPOVERISHED COMMUNITIES. THE FUND ALSO PROVIDES FAMILY SUPPORT AND COMMUNITY DEVELOPMENT PROGRAMS.Description1Txt
Expenses1$34,000Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$468,542AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$15,768AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$484,310TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$484,310AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,265CashDeemedCharitableAmt
Net Vl Noncharitable Assets$477,045NetVlNoncharitableAssetsAmt
Minimum Investment Return$23,852MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$23,852MinimumInvestmentReturnAmt
Tax Based On Investment Income$169TaxBasedOnInvestmentIncomeAmt
Total Tax$169TotalTaxAmt
Distributable Before Adj$23,683DistributableBeforeAdjAmt
Distributable Before Ded$23,683DistributableBeforeDedAmt
Distributable As Adjusted$23,683DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$34,000ExpensesAndContributionsAmt
Qualifying Distributions$34,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$23,683DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$64,795ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr1$345,741ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$410,536TotalExcessDistributionCyovAmt
Qualifying Distributions$34,000QualifyingDistributionsAmt
Applied To Current Year$23,683AppliedToCurrentYearAmt
Remaining Distri From Corpus$10,317RemainingDistriFromCorpusAmt
Total Corpus$420,853TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$64,795ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$356,058ExcessDistriCyovToNextYrAmt
Excess From Year1$345,741ExcessFromYear1Amt
Excess From Current Year$10,317ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMATTHEW AARON GREENEContributingManagerNm
Shareholder ManagerMATTHEW AARON GREENEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1CAMBODIAN CHILDREN'S FUNDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12461 SANTA MONICA BLVDAddressLine1Txt
CitySANTA MONICACityNm
State AbbreviationCAStateAbbreviationCd
ZIP90404ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeSPONSOR CHILDREN'TS EDUCATION IN CAMGrantOrContributionPurposeTxt
Amt$34,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$34,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16,322ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$75,765RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$16,322ExclusionAmt
Related Or Exempt Function Incm$75,765RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$92,087TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number8LineNumberTxt
Relationship StatementLONG TERM CAPITAL GAIN DISTRIBUTIONS FROM INVESTRelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
FIDELITY 5857 SHORT TERM2023-03PURCHASE2024-03$11,626$9,611$2,015
FIDELITY 5857 LONG TERM2023-03PURCHASE2024-03$353,108$279,441$73,667

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFIDELITY INVESTMENT 5857 STOCK FUNDSStockNm
EOY Book Value$78,987EOYBookValueAmt
EOYFMV$78,979EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIDELITY INVESTMENTS 5857 STOCK FUND$292,864$311,148
BLACKSTONE REAL ESTATE INCOME$46,909$46,865
BLACKSTONE PRIVATE CREDIT FUND$50,000$49,418

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$3,939Amt
Net Investment Income$3,939NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX PAIDCategoryTxt
Amt$293Amt
Net Investment Income$293NetInvestmentIncomeAmt

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